Tag Archive
The What And When Of Collection Agencies.
Debt collection agencies are hired on behalf of creditors to collect money when the creditors don't have the time or resources to effect collections on overdue debts for themselves. Collection agencies specialize in getting people to pay, they have staff that specializes in debt collection and skip-tracing, which covers a broad range of FDCPA... »
What You Need To Know About Collections.
The collection agency industry is a billion dollar industry. According to Rapid Recovery Solution, Inc. income from late fees and over-the-limit fees accounted for $14.8 billion dollars in the year 2004. »
How To Collect Debt
The main point is, the more time that passes between the time the payment was owed and the time the consumer is contacted, the less likely you are to packet any sort of payment. If you're serious about making a turnout, there are three ways to handle collection on past debt; in house efforts,... »
Advanta Credit Card Scam
I sit at my desk completely frustrated with Advanta. I opened up a business credit card with them 3 years ago and made a purchase of $6500 to help build my business credit for Rapid Recovery Solution, my Collection Agency. I have paid more then the minimum every month, on time. November 2008 I... »
The Basics Of Bankruptcy Court
Essentially, bankruptcy cases can be voluntary or involuntary. The general majority of cases will be voluntary. In these cases, debtors (the people who owe money) petition the bankruptcy court. In the case of involuntary bankruptcy creditors (the people who you money to) file the petition in bankruptcy. Involuntary petitions are generally rare and are... »
